https://www.miningweekly.com

Georgian declares maiden resource for KB's Gold Zone 2

11th July 2017

By: Creamer Media Reporter

     

Font size: - +

JOHANNESBURG (miningweekly.com) – Aim-listed Georgian Mining (GEO) has declared a maiden in-pit resource of 1.14-million tons at 1.10 g/t of gold at Gold Zone 2 in the Kvemo Bolnisi East (KB) project in the Tethyan belt, in Georgia.

The Gold Zone 2 is one of three zones currently being developed at KB, which may form one large epithermal copper/gold system. The initial Gold Zone 2 resource exceeds the interim target and increases confidence in GEO's three-phase strategy to develop a total resource in excess of 50-million tons that exploration activities are targeting at KB. 

The optimised in-pit resource is based on the initial 64-hole drill programme within a global inferred and indicated resource of 2.29-million tons at 0.85 g/t gold.

"Our maiden gold resource at Gold Zone 2 exceeds our initial target of 750 000 t to one-million tons at 1 g/t gold and importantly meets our criteria for processing the ore by low-cost heap leaching. We are now completing the metallurgical test work needed to finalise the scoping study, which will form the basis for negotiating the production and processing agreement with our joint venture partner," says GEO MD Greg Kuenzel.

He adds that GEO is on course to deliver the Phase 2 target of three-million to five-million tons of combined copper/gold sulphide and gold oxide mineralisation across all three zones at KB.

Edited by Mariaan Webb
Creamer Media Senior Deputy Editor Online

Comments

Showroom

Booyco Electronics
Booyco Electronics

Booyco Electronics, South African pioneer of Proximity Detection Systems, offers safety solutions for underground and surface mining, quarrying,...

VISIT SHOWROOM 
Booyco Electronics
Booyco Electronics

Booyco Electronics, South African pioneer of Proximity Detection Systems, offers safety solutions for underground and surface mining, quarrying,...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Hyphen, Eva mine, ferrochrome price make headlines
Hyphen, Eva mine, ferrochrome price make headlines
27th March 2024
Resources Watch
Resources Watch
27th March 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.141 0.175s - 90pq - 2rq
Subscribe Now